Shares of Avance Technologies hit a 5 per cent upper circuit to Rs 0.97 per share from its previous closing of Rs 0.93. The stock’s 52-week high is Rs 1.71 and its 52-week low is Rs 0.24. The shares of the company saw a spurt in volume by more than 1.01 times on BSE. The company undertook two stock splits in 2023. The first stock split happened on March 19, 2023.
Open FlipRivian received a $5 billion investment from Volkswagen, causing its stock to jump 30%. Despite this, Rivian is still down 89% since its 2021 IPO, sparking concerns about viability. In contrast, Tesla is up 1,253% & Ford is up 22% over the last five years. The investment helps Rivian's cash flow, but its long-term survival depends on its ability to raise money, & achieve positive free cash flow.
Open FlipNvidia's stock has surged 149% in 2024, tripling its revenue year-over-year, but its valuation appears stretched with a forward P/E ratio of 45. Two AI server stocks, Super Micro Computer and Dell Technologies, could outperform Nvidia for the rest of the year. Super Micro shares have risen 188%, with a forward P/E ratio of 35, and analysts expect 46% annualized earnings growth.
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